KBC Group NV Has $12.90 Million Holdings in HubSpot, Inc. (NYSE:HUBS)

KBC Group NV boosted its stake in HubSpot, Inc. (NYSE:HUBS) by 45.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,515 shares of the software maker’s stock after purchasing an additional 5,820 shares during the period. KBC Group NV’s holdings in HubSpot were worth $12,901,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. GDS Wealth Management bought a new position in shares of HubSpot during the third quarter worth about $2,149,000. Pallas Capital Advisors LLC acquired a new stake in HubSpot during the 3rd quarter valued at approximately $624,000. Icon Wealth Advisors LLC raised its holdings in HubSpot by 3,346.2% during the 3rd quarter. Icon Wealth Advisors LLC now owns 21,091 shares of the software maker’s stock worth $11,212,000 after purchasing an additional 20,479 shares during the last quarter. Curi RMB Capital LLC lifted its position in shares of HubSpot by 15.1% in the 3rd quarter. Curi RMB Capital LLC now owns 7,143 shares of the software maker’s stock worth $3,797,000 after purchasing an additional 937 shares during the period. Finally, Advantage Alpha Capital Partners LP boosted its stake in shares of HubSpot by 113.4% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 18,666 shares of the software maker’s stock valued at $9,923,000 after purchasing an additional 9,919 shares during the last quarter. 90.39% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at HubSpot

In related news, insider Brian Halligan sold 8,500 shares of the business’s stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $661.59, for a total value of $5,623,515.00. Following the transaction, the insider now directly owns 513,698 shares of the company’s stock, valued at approximately $339,857,459.82. The trade was a 1.63 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Dharmesh Shah sold 25,000 shares of the stock in a transaction dated Tuesday, November 19th. The shares were sold at an average price of $672.62, for a total transaction of $16,815,500.00. Following the transaction, the chief technology officer now owns 1,323,145 shares of the company’s stock, valued at approximately $889,973,789.90. The trade was a 1.85 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 78,066 shares of company stock worth $54,900,427 in the last 90 days. Insiders own 4.50% of the company’s stock.

HubSpot Trading Down 1.9 %

Shares of HubSpot stock opened at $779.59 on Thursday. The company has a market capitalization of $40.25 billion, a P/E ratio of -2,887.28, a price-to-earnings-growth ratio of 40.57 and a beta of 1.70. The stock has a fifty day simple moving average of $720.89 and a 200 day simple moving average of $595.82. HubSpot, Inc. has a 12-month low of $434.84 and a 12-month high of $811.79.

HubSpot (NYSE:HUBS) last announced its earnings results on Wednesday, November 6th. The software maker reported $2.18 EPS for the quarter, beating the consensus estimate of $1.91 by $0.27. HubSpot had a negative net margin of 0.56% and a negative return on equity of 1.16%. The company had revenue of $669.72 million during the quarter, compared to the consensus estimate of $646.97 million. During the same quarter in the prior year, the company posted ($0.04) earnings per share. The firm’s revenue for the quarter was up 20.1% on a year-over-year basis. On average, analysts predict that HubSpot, Inc. will post 0.42 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HUBS shares. UBS Group downgraded shares of HubSpot from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 17th. Royal Bank of Canada lifted their price objective on HubSpot from $750.00 to $825.00 and gave the stock an “outperform” rating in a research report on Friday, January 3rd. Stifel Nicolaus upped their target price on HubSpot from $750.00 to $880.00 and gave the company a “buy” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. lifted their target price on HubSpot from $560.00 to $635.00 and gave the stock an “overweight” rating in a report on Thursday, November 7th. Finally, Mizuho boosted their price target on HubSpot from $725.00 to $775.00 and gave the company an “outperform” rating in a research note on Friday, December 13th. Six analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $724.52.

About HubSpot

HubSpot, Inc, together with its subsidiaries, provides a cloud-based customer relationship management (CRM) platform for businesses in the Americas, Europe, and the Asia Pacific. The company's CRM platform includes Marketing Hub, a toolset for marketing automation and email, social media, SEO, and reporting and analytics; Sales Hub offers email templates and tracking, conversations and live chat, meeting and call scheduling, lead and website visit alerts, lead scoring, sales automation, pipeline management, quoting, forecasting, and reporting; Service Hub, a service software designed to help businesses manage, respond, and connect with customers; and Content Management Systems Hub enables businesses to create new and edit existing web content.